Assembly Bill A1177

2025-2026 Legislative Session

Provides for the sale of municipal obligations by the county of Erie

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2025-A1177 (ACTIVE) - Details

Current Committee:
Assembly Local Governments
Law Section:
Local Finance Law
Laws Affected:
Amd §54.50, Loc Fin L
Versions Introduced in 2023-2024 Legislative Session:
A9066

2025-A1177 (ACTIVE) - Summary

Extends provisions providing for the sale of municipal obligations by the county of Erie.

2025-A1177 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1177
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 9, 2025
                                ___________
 
 Introduced  by  M. of A. PEOPLES-STOKES -- read once and referred to the
   Committee on Local Governments
 
 AN ACT to amend the local finance law, in relation to the sale of munic-
   ipal obligations by the county of Erie
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The opening paragraph of section 54.50 of the local finance
 law,  as  amended by chapter 156 of the laws of 2024, is amended to read
 as follows:
   To facilitate the marketing of any issue of serial bonds or  notes  of
 the  county  of  Erie  issued  on or before June thirtieth, two thousand
 [twenty-five] TWENTY-SIX such county may,  notwithstanding  any  limita-
 tions on private sales of bonds provided by law, and subject to approval
 by the state comptroller of the terms and conditions of such sale:
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03009-01-5

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